Thangamayil Jewellery Share Price: 47.9% CAGR in 3 Years as the Regional Chain Beats Kalyan and Titan

Thangamayil Jewellery previous close Rs 4,233.40. 3-year CAGR 47.9%. Up 3.2x since 9 Nov 2023. ROE 26.04%. Market cap Rs 13,153 crore.

The Thangamayil Jewellery share price has been one of the fastest compounders among listed jewellery retailers. Thangamayil Jewellery, the Madurai-based chain with a strong presence across Tamil Nadu, has more than tripled investor money over three years and out-run both Kalyan Jewellers and Titan.

This article calculates the three-year CAGR for Thangamayil, Kalyan Jewellers and Titan using split and bonus adjusted prices, then compares market cap, valuation, return on equity and debt so that the comparison covers more than the price chart.

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How Much Has the Thangamayil Jewellery Share Price Returned in 3 Years?

The Thangamayil Jewellery stock closed at Rs 1,308.22 on 9 November 2023 and at Rs 4,233.40 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 3.24 lakh, which is a CAGR of 47.9%. This is a price return and leaves out dividends.

CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Thangamayil Jewellery can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.

The Thangamayil Jewellery share price has also benefited from regional strength: a chain with deep roots in one state can grow quickly by adding showrooms in nearby towns where customers already trust the brand.

Thangamayil Jewellery vs Kalyan Jewellers India and Titan Company: 3-Year CAGR Compared

The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.

Company	Close on 9 Nov 2023	Previous close (9 Nov 2026)	Price multiple	3-year CAGR
Thangamayil Jewellery	Rs 1,308.22	Rs 4,233.40	3.2x	47.9%
Kalyan Jewellers India	Rs 336.10	Rs 611.00	1.8x	22.0%
Titan Company	Rs 3,283.75	Rs 5,005.00	1.5x	15.1%

The Thangamayil Jewellery stock leads the group at 47.9%, followed by Kalyan Jewellers India at 22.0% and Titan Company at 15.1%. Thangamayil leads the group on percentage return, ahead of Kalyan Jewellers and Titan. Titan is far larger by market cap, so its lower percentage return came on a very large base of capital.

Look at the Thangamayil Jewellery share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.

Valuation and Quality Compared

Company	Market cap	P/E	Industry P/E	ROE	Debt to equity
Titan Company	Rs 4,44,337 crore	63.18	44.59	38.51%	1.51
Kalyan Jewellers India	Rs 63,101 crore	43.99	44.59	21.41%	0.97
Thangamayil Jewellery	Rs 13,153 crore	33.56	49.02	26.04%	0.99

By market cap, Titan Company is the largest of the group at Rs 4,44,337 crore, while the Thangamayil Jewellery stock stands at Rs 13,153 crore, about 3% of that size. On earnings, Thangamayil Jewellery shares trade at a P/E of 33.56 against an industry P/E of 49.02, a discount of about 32% to the sector, which leaves room if earnings keep growing. Peer multiples are Kalyan Jewellers India at 43.99 and Titan Company at 63.18.

Return on equity is 26.04% for the Thangamayil Jewellery stock, which ranks second among the three, and debt to equity stands at 0.99. Trailing EPS is Rs 126.11. Jewellery retailers work on thin margins and heavy inventory, so return on equity and debt to equity matter as much as the P/E when comparing one chain with another.

What Is Driving the Thangamayil Jewellery Stock?

Thangamayil Jewellery sells gold, diamond and silver jewellery through company owned showrooms, with a strong presence in Tamil Nadu and nearby markets. Its brand is built on trust in purity and pricing.

The company has been adding showrooms and widening its reach, which lifts revenue as new stores mature. A growing share of sales from organised retail, compared with local jewellers, has helped chains of this kind.

Followers of the Thangamayil Jewellery share price usually track same store sales growth, showroom additions, gold price movements and the working capital needed to stock inventory.

How the Established Players Stack Up

Kalyan Jewellers India is a Thrissur-based jewellery retailer with showrooms across India and the Middle East. It compounded at 22.0% a year, on a market cap of Rs 63,101 crore and an ROE of 21.41%.

Titan Company is the Tata group company behind Tanishq, the largest jewellery brand in India, and it also sells watches and eyewear. It compounded at 15.1% a year, on a market cap of Rs 4,44,337 crore and an ROE of 38.51%.

What Should Investors Track Next?

Three things are worth watching on the Thangamayil Jewellery share price. First, same store sales growth through the festive and wedding seasons. Second, the pace of new showroom additions. Third, the movement in gold prices, which affects both demand and inventory values.

At a P/E of 34, the stock trades below the industry average, but jewellery demand can soften when gold prices spike, so size any position with that in mind.

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How to Compare Jewellery Stocks Yourself

You can repeat this exercise for any pair of stocks, including the Thangamayil Jewellery stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.

A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Thangamayil Jewellery share price, the same four checks give a more complete picture than price alone.

Download the Univest iOS App or Univest Android App to track the Thangamayil Jewellery share price and compare retail stocks live.

A Regional Leader Compounding Ahead of the Giants

The Thangamayil Jewellery share price compounded at 47.9% a year over three years, ahead of Kalyan Jewellers at 22.0% and Titan at 15.1%. Its ROE of 26.04% and a P/E of 33.56 sit in a healthy range for the segment.

Titan brings scale and the highest ROE, Kalyan Jewellers brings a wide showroom network, and Thangamayil brings regional depth. The right fit depends on whether you prefer scale or a faster expansion story.

Frequently Asked Questions

What is the Thangamayil Jewellery share price today?

Ans. Thangamayil Jewellery closed at Rs 4,233.40 on 9 November 2026, according to NSE data. It has a market cap of Rs 13,153 crore and a P/E of 33.56. Check live quotes before acting, as prices change every trading day.

What is the 3-year CAGR of the Thangamayil Jewellery stock?

Ans. Thangamayil Jewellery delivered a price CAGR of 47.9% over three years, moving from Rs 1,308.22 on 9 November 2023 to Rs 4,233.40 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.

Is Thangamayil Jewellery better than Titan?

Ans. The Thangamayil stock delivered a higher three-year CAGR at 47.9% than Titan at 15.1%. Titan is far larger by market cap at Rs 4,44,337 crore and has the higher ROE at 38.51% against 26.04%, while Thangamayil trades at a lower P/E of 33.56 than Titan at 63.18.

What does Thangamayil Jewellery do?

Ans. Thangamayil Jewellery is a Madurai-based jewellery retailer that sells gold, diamond and silver jewellery through showrooms across Tamil Nadu and nearby markets.

Is the Thangamayil Jewellery stock debt free?

Ans. The debt to equity ratio of the Thangamayil Jewellery stock is 0.99 and its return on equity is 26.04%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.

Is Thangamayil Jewellery expensive compared with the industry?

Ans. Thangamayil Jewellery trades at a P/E of 33.56 against an industry P/E of 49.02. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.

Which jewellery stock gave the highest return in 3 years?

Ans. Among the companies compared here, Thangamayil Jewellery delivered the highest three-year CAGR at 47.9%, followed by Kalyan Jewellers India at 22.0%. Past returns do not guarantee future performance.

How do I calculate CAGR for a stock?

Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.